Insider Selling: Laureate Education, Inc. (NASDAQ:LAUR) Director Sells 520,831 Shares of Stock

Laureate Education, Inc. (NASDAQ:LAUR) Director Ian Kendell Snow sold 520,831 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $17.47, for a total value of $9,098,917.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Laureate Education Price Performance

Shares of NASDAQ:LAUR opened at $19.32 on Tuesday. The business’s fifty day moving average price is $19.26 and its two-hundred day moving average price is $17.93. The stock has a market cap of $2.91 billion, a PE ratio of 9.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.63 and a current ratio of 0.63. Laureate Education, Inc. has a one year low of $13.26 and a one year high of $21.73.

Laureate Education (NASDAQ:LAUR) last announced its earnings results on Thursday, February 20th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.20. Laureate Education had a return on equity of 32.35% and a net margin of 18.92%. The firm had revenue of $423.40 million for the quarter, compared to analysts’ expectations of $411.50 million. On average, analysts forecast that Laureate Education, Inc. will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. J.Safra Asset Management Corp raised its position in Laureate Education by 34.4% in the fourth quarter. J.Safra Asset Management Corp now owns 3,386 shares of the company’s stock valued at $61,000 after purchasing an additional 866 shares during the period. KBC Group NV grew its stake in Laureate Education by 62.3% in the third quarter. KBC Group NV now owns 4,075 shares of the company’s stock worth $68,000 after purchasing an additional 1,564 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Laureate Education by 10.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,976 shares of the company’s stock valued at $128,000 after acquiring an additional 673 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in Laureate Education in the fourth quarter valued at approximately $216,000. Finally, New York State Teachers Retirement System boosted its stake in Laureate Education by 112.8% in the fourth quarter. New York State Teachers Retirement System now owns 12,180 shares of the company’s stock valued at $223,000 after acquiring an additional 6,455 shares during the period. 96.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their price objective on Laureate Education from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, February 24th.

Laureate Education Company Profile

Laureate Education, Inc, together with its subsidiaries, offers higher education programs and services to students through a network of universities and higher education institutions. The company provides a range of undergraduate and graduate degree programs in the areas of business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs.